PROVIDENCE – The Rhode Island Business Plan Competition announced the winners of its 2012 competition on Thursday at the Rhode Island Business Expo.

The three winners were picked from a group of seven finalists, which were chosen from 75 emerging and would-be entrepreneurs.

Winners and the seven finalists will share prizes valued at more than $200,000.

Businesses submitted entries under one of two different tracks. The entrepreneur track was open to any entrepreneur or would-be entrepreneur and the student track was open to any student enrolled in and attending an accredited college or university.

A “special award” was also open to one of the seven finalists developing a technology business.

Siren was also the competition’s top cash prize winner. Daniel Harper, President of Siren Marine received $40,000 in cash in addition to roughly $25,000 in services.

Harper said Siren Marine will use its winnings to hire staff, ramp up local manufacturing, expand operations and market to the Rhode Island boating community before expanding outside the Ocean State.

JumpOffCampus, a free online service for colleges and universities to help their students find safe and affordable near-campus housing, won the entrepreneur track. The company was founded by Mark Abramowicz of Providence.

Overhead.fm, an application that will provide a customizable stream of music by licensing directly from artists and labels, won the student track. The company was co-founded by Stephen Hebson and Parker Wells, seniors at Brown University.

Both JumpOffCampus and Overhead.fm will receive $15,000 in cash as well as services valued at nearly $24,000.

Finalists in both tracks received $5,000 in cash in addition to services valued at between $9,000 and $11,500. In order to be eligible to win, applicants had to agree to establish or maintain operations in Rhode Island.

Entrepreneur Track Finalists

Buy with Heart – An online service for social enterprise products and services

Splitwise – a tool to help groups, down to roommates, calculate cost-sharing arrangements

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